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  • Exam Name: Market Pricing - Conducting a Competitive Pay Analysis
  • Last Update: 16-Oct-2025
  • Questions and Answers: 165
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C17 Questions and Answers

Question # 1

Which of the following is a component of data integrity?

A.

The extent to which the survey has been audited

B.

The number of survey questions

C.

The type of survey methodology used

D.

The length of the survey

Question # 2

What are the disadvantages of using job ranking for job evaluation and pay structure design?

A.

May be difficult to obtain data, may not be aligned with internal equity, not defensible on job content basis, may be overly time consuming

B.

Simple to administer and update for currency, responsive to the market, not overly time consuming compared to other methods, high degree of transparency

C.

Does not consider market rates, limited in accuracy, subjective, not useful for large organizations

D.

May not accurately reflect job value, subjective, may not be useful for small organizations

Question # 3

What does take priority in Market-Based approach to pay structure development?

A.

Internal pay equity

B.

Employee job satisfaction

C.

External market pricing or competitiveness

D.

Employee engagement

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